Boulevard Residences — Kallithea — Feasibility Report
- M. Sami Akbeniz
- 3 days ago
- 4 min read
Updated: 2 days ago
THISEOS 218 · KALLITHEA · ATHENS · GREECE GOLDEN VISA · INVESTMENT FEASIBILITY
Boulevard Residences — Kallithea — Feasibility Report
Boulevard Residences is a 54-unit residential project on Thiseos Avenue in Kallithea — one of Athens' rapidly appreciating districts, on the bridge between the city centre and the Athens Riviera. The 1982 building is being brought to contemporary standards through a comprehensive renovation, delivering 54 one-bedroom (1+1) apartments across five floors. This report frames Boulevard not as a lifestyle purchase but as a yield-plus-residency proposition: who rents in Kallithea, what the €250,000 entry buys in residency terms, and where the real value sits. Prices run from €250,000 (published range €250,000–€300,000). Construction starts October 2026 with delivery planned for May 2028. All units are Golden-Visa eligible at the €250,000 threshold.
Investment Snapshot
Entry price: from €250,000 — published range €250,000–€300,000
Inventory: 54 × 1+1 apartments across 5 floors (Mezzanine + A–E), 34–60 m²
Golden Visa route: €250,000-eligible; all units qualify at the entry threshold
Build & timeline: 1982 building, comprehensive renovation; construction starts Oct 2026, delivery planned May 2028
Specification: mid-to-upper segment materials — ETICS insulated façade, double-glazed aluminium joinery, built-in wardrobes
Location: Thiseos 218, Kallithea — tram & metro nearby; ~10 min to Athens centre; close to SNFCC, Flisvos Marina and the Ellinikon mega-project
Why This Property
Kallithea is a central Athens district on an upward curve, and Thiseos Avenue is one of its busiest commercial arteries — a bridge between the historic centre and the coast. Numerous bus lines plus nearby metro and tram put the city centre roughly ten minutes away and connect quickly to the Port of Piraeus and the coastal axis, which is exactly the profile that drives short- and medium-term rental demand.
The surrounding area carries durable demand drivers. The Stavros Niarchos Foundation Cultural Centre (SNFCC), Flisvos Marina and the vast Ellinikon mega-project all sit within short reach, while everyday life — supermarkets, cafés, hospitals, an open-air cinema, shopping streets — is on the doorstep. These are the conditions that underpin long-term value appreciation rather than a single-cycle bet.
The product is calibrated for renting. Boulevard delivers efficient 1+1 layouts with open-plan living and kitchen, balcony options and light-maximising planning, finished in mid-to-upper segment materials: large-format ceramic floors, built-in wardrobes, soft-close kitchens, an ETICS-insulated façade and double-glazed aluminium joinery. With intense demand from students, young professionals and expats, Kallithea is a low-vacancy market.
Tram and metro stations nearby plus numerous bus lines; ~10 min to Athens centre
Fast connection to the Port of Piraeus and the coastal axis
Close to the SNFCC, Flisvos Marina and the Ellinikon mega-project
Mid-to-upper segment specification — ETICS façade, double glazing, built-in wardrobes
Low-vacancy district with demand from students, young professionals and expats
Golden Visa Fit — the €250,000 Route
Greece grants a renewable five-year residence permit — the Golden Visa — to non-EU buyers who invest at the qualifying real-estate threshold. Boulevard Residences is positioned at the €250,000 entry point — the lowest qualifying tier — and every unit in the project is Golden-Visa eligible, keeping a central-Athens residency accessible.
The permit covers the main applicant, a spouse, dependent children and dependent parents, with no minimum-stay requirement: owners may live in Greece, rent the apartment out, or simply hold it, renewing every five years as long as the qualifying investment is retained. Final eligibility and document checks are confirmed case by case with counsel; the figures below illustrate the entry math at this listing's published prices.
Item | Detail |
Qualifying investment | €250,000 (entry tier) |
Permit type | Renewable 5-year residence permit |
Family coverage | Spouse, dependent children, dependent parents |
Minimum stay | None required to maintain the permit |
This listing entry | From €250,000 — at the qualifying threshold |
Rental & Yield Outlook
Kallithea is a structurally tight, low-vacancy rental market. Demand layers across students, young professionals and expats, while the transport profile — metro, tram and a fast coastal connection — supports both long-let and serviced-let strategies. Compact, efficient 1+1 units in a renovated building on a commercial avenue are precisely the stock that rents fastest. The project does not publish a guaranteed yield; the scenario below is an indicative illustration only.
The table below applies an assumed gross yield to this listing's own price points, purely to frame the entry math. Figures are indicative, are not a project guarantee, exclude costs and taxes, and should be confirmed against actual market rents and the final purchase contract.
Purchase price | Assumed gross yield (illustrative) | Indicative annual income |
€250,000 | 4.5% | €11,250 |
€275,000 | 4.5% | €12,375 |
€300,000 | 4.5% | €13,500 |
Unit & Price Table
A single, repeatable product — 54 one-bedroom apartments across the Mezzanine plus floors A to E, in efficient 34–60 m² layouts. Per-unit pricing sits within the published €250,000–€300,000 range; confirm live availability and the exact price for each unit at enquiry.
Attribute | Detail |
Apartment type | 1+1 (one-bedroom) |
Total units | 54 |
Floors | Mezzanine + A, B, C, D, E (5 floors) |
Area range | 34–60 m² |
Price range | €250,000–€300,000 |
Delivery | Planned May 2028 (construction starts Oct 2026) |
Boulevard Residences turns the €250,000 Golden Visa entry into a clean, rentable asset on a busy Kallithea avenue — efficient 1+1 stock, low vacancy, and a location wired to the centre, the coast and the Ellinikon transformation.
Avla Gayrimenkul A.Ş. — your trusted partner for the Greek Golden Visa. Talk to us to confirm live availability, exact unit pricing and your eligibility for the €250,000 route at Boulevard Residences.
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